HomeMy Public PortalAbout008-2002-abatement - PURINA MILLS - NEW MANUFACTURING EQUIPMENTAMENDED ORDINANCE NO. 8-2002
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF A STATEMENT OF
BENEFITS FOR A PROPERTY OWNER APPLYING FOR DEDUCTIONS UNDER I.C.
6-1.1-12.1
WHEREAS, Common Council has previously designated eight economic revitalization areas
within the City of Richmond; and
WHEREAS, I.C. 6-1.1-12.1 requires the Common Council as the designating entity to
approve all Statements of Benefits required to be filed by property owners
applying for deductions in assessed valuations for the installation of new
manufacturing equipment or for the redevelopment or rehabilitation of real
property; and
WHEREAS, an owner of real property located in an economic revitalization area is entitled to
deductions from the assessed value, pursuant to Indiana law, for a period of any
number of years less than or equal to ten (10) years (i.e. one to ten years); and
WHEREAS, an owner of new manufacturing equipment is also entitled to deductions from the
assessed value, pursuant to Indiana law, for a period of any number of years less
than or equal to ten (10) years (i.e. one to ten years); and
WHEREAS, in order for Common Council to approve a Statement of Benefits to allow a
deduction, it must make the following findings, to -wit:
1. That the estimate of value of the redevelopment or rehabilitation, as to real
property, or the estimate of cost of the new manufacturing equipment, as to
personal property, is reasonable for projects of that nature or equipment of
that type.
2. That the estimate of number of individuals who will be employed or whose
employment will be retained can be reasonably expected to result from the
proposed described redevelopment or rehabilitation, or from the installation
of the new manufacturing equipment.
3. That the estimate of annual salaries of those individuals who will be
employed or whose employment will be retained can be reasonably expected
to result from the proposed described redevelopment or rehabilitation, or
from the installation of the new manufacturing equipment.
4. That any other benefits about which information was requested are benefits
that can be reasonably expected to result from the proposed redevelopment or
rehabilitation, or from the installation of the new manufacturing equipment.
5. That the totality of the benefits is sufficient to justify the deduction.
NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond,
Indiana, that the following property owner meets the requirements for property tax assessed
valuation deductions, including the above findings, as follows:
NEW MANUFACTURING
EQUIPMENT - 10 YEARS
Purina Mills, LLC
New Jobs: 0 Jobs Retained: 75
Estimated New Value: $741,287.00
Dated: November 9, 2001
Passed and adopted this ``' day 002 by the Common Council of the City
of Richmond, Indiana.
President
(Bruce Wissel)
ATTF,ST: City Clerk
(No Schroeder)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 6kday of
2002 at 9:00 a.m.
k-'--'�ity Clerk
(No a Schroeder)
AP VED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this �`da
Y
2002 at 9:05 a.m.
Mayor
(Shel D. Miller)
A ST, City Clerk
orr Schroeder)
FORM ^
STATEMENT OF BENEFITS AMENDED
SW., Form Z7167 (Rfi I 4-OD)
Form Sa - 1 -3 P--dbd by we Stste Board of Tex Comrniss,oners. 1 R89
INSTRUCnONS eerie, rho economic revitifizab'on arse prior to the public noaring if the dasignenng body b
tiros in or-
ubnlitw
1. This stoMmen! must be aubmittad to lho body de bg 4 ro acts" tanned or committed
to aker July 1, 1987 and
n, alls the now manufacturing equipment and ) or re catch and
d davoiopmsnr tied sn[, or BEFORE the
mstion from tits applicant in itWd t ;ts d 4fdY d bout whother to designate an Economic Reva Ilzatlon Aroa. Otherwise this slatsntani must be OR
to the dosignaring body EEFORE a pars for whied the person wishes to claim a doducb ) enr or rertab;&tat;on,
redevelopment or rohablutation of real PraPartY oppraved.
areas designated after July 1. 1987 enquire e STATEMEjvT aF very C un . e ti) must
bt)
2. ApPtvusl of the doslgnadng bodY (City Couna' Town Board, County Gearcll, eM_.} must rr obtained prior t1 ln;tl RE of the deduction
atapm
da a aftor a notice of Increr1se !n real property
Rctu Fst,ate lmpravements and I or Form :322 ERA ,' PPME and! or 322 ERA t PPR B DE. mutt be lflod with the county
or prior ro installetfon of the now mantrfactur;n9 equipment and ; ar research and devolcpmant equipment• HEF-0RE a dad on
3. To oblu;n a deduction. Form 322 ERA 10: or (2) thirty (30) y
audhar. t�th raspoct ro rea, propuM, Form 322 ERA must be filed by the talc of (1) May
merit and ! or research and davelopmonL equipme l becomes aSzessabla' unless a lung extana;on has
assessment is received from tfta township assotrulr. Form 322 ERA I PPME and! or 322 ERA PPRDE must be fled between March !and May 1 rho
assessment year in which new manufacturing equipment .
been obtained. A person who obtains a Aling extenseon must fire the fart between March 1 and June
a_ property owtxrrs whose Statement of goneres wes approved after June 30. f9g1 must submit Form CF • i ! nta 0nytstatoment o0 show f tbenvfrtscg oriled onh ilia e or Ror
of aenof ts. (lC 6-1.1-12.1 '& 6)
5. The schoduies o!tlablisnad undar 1C B-1.1-12.i-4(d) and !C 6-1.1-12.1-4.5 (o) offactivo July
those sf�em ni of bt3nefils fired before July 1, 2000.
July f• che20o0.
The Schedules effective prior to Duty f, 2t74t1 shall continue id appY
of tw(Payer ;)
of taxpayer
Namx of wretad person .0
Name of designabn9 bodY
number, cry, state and 2IA cods)
Location of property r " e 11 rY) (1rj Q � r Fl :�s.t Il :.k -
pesaiptlon of tea! Praperry trrivi,enmenlr and I or new Manufacturing'equ
mrs"mh and development equipment (use oddrtian81000ets Knocesasry)
r
now Current number Satanes Number retained
Current I z , t 0&3 5�0
NOTE: pursuant to IC 61,i-t2.1 5.1 (d) (2) the
COSY of the property is confidential_
current valuett
Plus estimated values of ptvPated Prolec
Less values of any Pr tsar replace
Net estimated values upon tomplawn or
Esdmated adid waste converted (pounds)
Other tmnrdtra:
County
and I or
Real Eatata knpravements
Cost Asaaricrd Yet
Telephone nurnt)er77 �59� lvts%
Resdutiolz number
Taxing district
Start Date
Fteal E
eqprtent I �D
/ I U 2
R&DE
Number
Machinery
Cost Assa>_'sed Ue Cost
h
Estanated hazardous waste converted (pounds)
1Z./3,,/OZ
lz/31laZ _
and
herab cert' that the re resentations in this sta ems pore sign7,nfh*d10YY08r)
rde
Slgnawro of uuttwriz,od rnpresen /�
Y-Pc r o a a
We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the
general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1-12.1-2.5, pro-
vides for the following limitations as authorized under IC 6-1.1-12.1-2.
A. The designated area has been limited to a period of time not to exceed calendar years " (see below). The date this
designation expires is
B . The type of deduction that is allowed in the designated area is limited to:
1 . Redevelopment or rehabilitation of real estate improvements; ❑ Yes ❑ N o
2. Installation of new manufacturing equipment; ❑ Yes ❑ N o
3. Installation of new research and development equipment; []Yes ❑ N o
4. Residentially distressed areas ❑ Yes ❑ N o
C .The amount of deduction applicable for redevelopment or rehabilitation is limited to $ cost with an assessed
value of $
D .The amount of deduction applicable to new manufacturing equipment is limited to .$ cost with an assessed
value of $
E.The amount of deduction applicable to new research and development equipment is limited to $ cost with
an assessed value of $
F. Other limitations or conditions (specify}
Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason-
able and have determined that the totality of benefits is sufficient to justify the deduction described above.
Approved: (sign tore a tIe of authorized member)
Telephone number
Date signed (month, day, year)
Qom----
Att sted by:
Designated body'
If the designating body limits the time period during which an area is an economic revitilization area, it does not limit the length of time
a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1-4 or 4.5
JAN 10 2002 7:51 PM FR PURINA MILLS FINANCE768 4809 TO 917659037212 P.02
0�
Form 0-IA
City of Richmond, Indiana
Taxpayer Wage & BeneSt Information
Compsny Name, Address & Contest Person:
The Warmation requested on this supplement to farm SB-1 must be completed nud subnurred
along with your SB-1 in order for your tax abatement request to be considered by Richmond
Common CouuciL Please retain your records and calculations used to arrive at the information
requested on this form. It is subject to review as apart of our monitoring process.
1. Average hourly wage for exisft employees $ JR. 70
2. Average hourly wage for projected new positions $ 12 •D
3. Average hourly health insmnee beme$t $'4 / i "!
1. The length of the abatement you are regmstittg to
(A 1-10year abatement may be requested forreal estate lmprovemeWs and manufacturing Equipmeel.)
2. If purrchasW equupment, please attach a list that includes the following:
• lief description of each piece of equipment being purchased
• the projected useful life of each piece of egeiipment
• the state(s) in which the equipment is bring brought into Indiana fmta if purchasing used
equipment
• the cast of each piece of equipment
3. if muldng real estate improvements, please provide a list that includes the following:
• brief description of the real estate improve tt (new ctmstr Ction, rehab, cxpansioa, etc.)
• siu of the proposed md'estate improv=mts
• costs of the propo$ed real estate imprrovements
DEF N]tT]fONS
1. Average hw4y vmV for e&dM employees: for yoirmost recent pay peeiod, please provide the
average base wage per hoar for all currant full time, non -supervisory employees. Do not include the
mowing groups:
A. part time employees;
B. trtmgagemelt, supervisors, ft ma, or any other supervisory parson *
C. owaees, atockholdft's, or partners ifthay own 2% or more of tine business, and their
family meabera.
2. Average hourly wage for projected u*w positions: Use the same deEnitiov of employees to be included
US is number ona above.
3. Avcaage b4urly health insuranoe bewfit: Plaasa provide the cmTant compipy paid health i sunince
benefits pmvided to hawiy employees (as defuted above) and family members. Please present in tho
form of an hourly rate eompuftd using me srtuuai wa per eligible eaaployee divided by 2080 hours.
( Signarirrt: and Title) (Date)
** TOTAL PAGE.02 **
Purina Mills, LLC
505 N. 4th Street
Richmond, IN
Form SB-1 Year 2002 Estimated Total Cost and Valuation of Proposed Project
Description
0090-RPL NO. EXTRUDR LEG W AIR CONVEYNC
171,500.00
0090-AIR CONVEYANCE TO VAC PAC
112,000.00
0090-OXYGEN ANALYZER FOR TOLL MANUFACTUR
5,000.00
0090-RM-2ND HALF OF FRONT ROOF PROJECT
1dt
0090-RM-EXTRUDER PACKER UPGRADE
45,000.00
0090-RM-EXTRUDER PACKER BLOWER SYSTEM
51,850.00
0090-PA-APPLE FLAVOR ADDITION
17,587.00
0090-RM-BULK METAL DETECTION
45,500.00
0090-RM-PELLET GRINDING LEG 14 UPGRADE
25,100.00
0090-NORTH EXTRUDER DRYER PAN REPLACE.
74,000.00
0090-MIXING CONTROL UPGRADE
54,000.00
0090-BIN 41 UTILI7ATION
39,750.00
0090-ENERGY RECLAMATION
100,000.00
$ -7 gl1Z$7
103 ..
To corpuDs cost on Line 1, complete Form 103-R and reftln with fax records.
ass year value of tangible depreciable Person:
Deduct Exempt property (See 50 !AC 4.2-11)
Number of Units
Vehicles sub act to excise tax
Number of Units
Ai lanes subject to excise tax
Total cost of exempt property (Deductfiom Line 3 and enteron Line 8)
Subtotal
Additions; see 50 L4C42.1-1(h) and 50IAC 4.2.4.3 (b) end 4
Cost of all depreciablepersonal pMp2rty suit in use but written off
12 Total cost and base year value of assessable depreciable personal property
rAdd Lines 8. 9. to and 11. Lino 12 must agree wyM Line 56 Column A.) _
7
Additions @ True Tax Value
Cost
S
Permanently retired equipment per Form 106.
(5o MC 4.2-4-3 (c) and g2
Commercial aircraft and commercial busiine fleet, not subject to
excise tax per Form 103-I f50 IAC 4.2-f0)
Total additions to true Tax Value Lines 59 60 61 and 62
Total True Tax Value before ad'ustments far "Abnormal Qbsoles,
COST
9.878,635
X 10%
SCHEDULE A
_MARCH 1. 2001
Feaerai iaentdicatwn'ttrriper
76--4047288
TRUE'
60,663
78,635
7B
12
DISPOSITION OF ORDINANCE NO. - 20
RESOLUTION NO.
BY COMMON COUNCIL
Ordinance No. - 200f Elstro I Lundy Wissel Sharp Welch Parker Combs Dickman Hutton
Resolution No.
Date
ISusoend rules 1st reading I f/ I I I I I I I I I
Secon
Moved to Second Readi
Second
Second
3rd readi
I Passaae I r— l ^ -A-- v 1 C-1— L--+ cif' C----I' L- r" I G--1
ection
Date Passed _ D v2
COMMITTEE ASSIGNMENTS
Committee Date -a���